$ Bayou-A-Bird $
This happens when there are not enough resources to meet wants and needs.
What is Scarcity?
Which Economy gives you more access to a variety of goods and services?
What is a Market Economy?
Doves at my mom's wacky funeral would be this type of resource.
What is a Natural Resource?
This answers the 4 economic questions in a Market Economy.
What is the Individual?
When doing economics word problems you should employ this test taking strategy.
What is Elimination?
This describes an economic system where bartering goods is prevalent.
What is a Traditional Economy?
This Economy is most often associated with Communism and Monarchies.
What is a Command Economy?
This is when a producer makes too much of something.
What is a Surplus?
This answers the four economic questions in a Traditional Economy.
What is habits, beliefs and traditons?
I only have Two Chains and Ariana Grande on my spotify. I chose to listen to Ariana because her voice is far lovelier. In my economic decision, Ariana is this.
What is Opportunity Benefit?
This is when a mother country tells its colony what to produce and send home.
What is Mercantilism?
Which of the following is a Service:
-Can of Beans
-Hover Board
-Eyebrow Waxing
What is an Eyebrow Waxing?
In a cost vs. benefit choice this is the thing I do not choose.
What is an Opportunity Cost?
You may need to find this when reading data on a graph.
What is the key?
In our Market Economy the US Govt. regulates many businesses, sometimes telling them what they can and can't do with products. This is also an example of what type of economy.
What is Mixed Economy?
Which of the following is an example of a good:
A massage
A mani-pedi
A fidget spinner
What is a fidget spinner?
A computer in the PC Lab would be considered this type of resources.
What is a Capital Resource?
Today I gave up a few Taki's to get a few more pickle slices. What economic decision did I make.
What is a Trade-Off?
What is a Traditional Economy?
There is less of this for consumers in a Command Economy.
What is variety and access to goods?
These are resources strictly given to us by mother Earth.
What are Natural Resources?
Principal Wax would be this type of resource.
What is a Human Resource?
The supply of Shar-Pe's favorite dog collar has gone way up at the local pet store. How would she expect this to affect its price.
What is go down?
The King of France commanded the French colony of Louisiana to send back these resources.
What were tobacco, timer and furs?
This is the name for the economic decision we make everyday when we weigh the pro's vs. con's of something.
What is a cost vs. benefit analysis?